Ripple’s legal chief has stated that a US court’s rejection of a proposed XRP settlement with the Securities and Exchange Commission (SEC) will not impact Ripple’s legal victory. Judge Analisa Torres of the US District Court for the Southern District of New York denied a joint Ripple-SEC motion seeking an indicative ruling on their proposed settlement. The rejection does not alter Ripple’s win in the case, as the lawsuit was announced to be over on March 19. Stuart Alderoty, Ripple’s chief legal officer, emphasized that the rejection is related to procedural concerns with the dismissal of Ripple’s cross-appeal. The court refused the ruling as procedurally improper since the SEC and Ripple did not file the correct procedural motion to support the proposed settlement. The SEC and Ripple had agreed to lower the court’s $125 million fine, with the SEC keeping $50 million of the fine. Despite the rejection, Ripple and the SEC are in agreement to resolve the case. However, the lack of specific details from Ripple regarding the procedural concerns has left many in the community seeking further explanation. The news coincided with reports alleging that a Ripple-linked lobbyist may have influenced former US President Donald Trump to include the XRP token in plans for a national cryptocurrency reserve. Meanwhile, critics in the Bitcoin community have criticized Ripple for advocating for a multi-coin strategic reserve instead of a Bitcoin-only reserve.